Data analytics, machine learning, AI and IoT are the areas where the next wave of lucrative jobs are likely to be created, according to a senior executive of German multinational engineering and electronic giant Bosch.

“We just don’t need computer science engineers anymore but people who are able to work across multiple layers of the ecosystem,” Lokesh Payik, Chief of Digital Enterprise, Robert Bosch Engineering and Business Solutions(RBEI) told TheBigScope, adding that the company was looking out for talent that understands the connected devices ecosystem and can crunch data sets at the same time.

Payik says that things have changed for the better for students in India over the last 10 years as the availability of more courses online helps even working engineers re-skill themselves in various aspects of data science and AI. “AI and IoT is not perfect in the current scheme of things and we are years away from the perfect IoT ecosystem,” added Payik.

Payik is quick to point out that the absence of standardization in IoT will force companies to make platforms work in silos. For example, IoT devices are present in various manufacturing environments and the presence of millions of protocols is reducing interoperability.

The global internet of things market will be worth $1.1tn by 2025 according to a report by GSMA intelligence and 25Bn IoT connections will drive the industrial IoT growth in Asia Pacific region.

Payik says that Bosch is gradually developing into a IoT company as most of the components developed by them are part of the connected ecosystem.

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